Benefit of exemption u/s 11(1)(a) and 11(2) not available to deemed income u/s 11(3)

Anand Mercantile Samaj Seva Trust Vs ITO  (ITAT Ahmedabad)

ITAT Ahmedabad held that benefit of exemption under Section 11(1)(a) and 11(2) of the Income Tax Act is not available to “deemed income” under Section 11(3) of the Income Tax Act

Facts- During the course of assessment, the Assessing Officer observed that the assessee had claimed exemption under Section 1 1(1)(a) and Section 11(2) of the Act on “deemed income” under Section 11(3) of the Act as well. Accordi

Please become a Premium member. If you are already a Premium member, login here to access the full content.